Oklahoma General (Financial) Power of Attorney Form
The Oklahoma General (Financial) Power of Attorney is a type of Power of Attorney that can be used to document the approach an individual (the Principal) wants the party they have selected to represent them (their Attorney-in-Fact) to take when completing financial tasks on their behalf. The individual (referred to as the Principal) may provide as much or as little detail as they wish when describing the approach. However, they should be aware that the Attorney-in-Fact will be required to refer to and uphold the terms of the document, so at the very least, the terms should be both easy to understand and follow through on. Both parties should take the time to understand the implications of the non-durability of this document i.e. that it will not continue if the Principal becomes incapacitated.
State Laws & Signing Requirements
State Laws – Uniform Durable Power of Attorney Act
Signing Requirements (§ 58-1072.2) – The law is silent on the matter of signing requirements for a General Power of Attorney to be effective. It is thus advised that a Principal look to the signing requirements stated for a Durable Power of Attorney. Although not mandatory to follow, it is in the Principal’s best interests to do so considering the additional level of oversight it offers. The signing requirements state that:
- The Principal must sign the Power of Attorney, and
- The signing takes place in the presence of two (2) valid witnesses, who must also sign the form.